ECB’s de Guindos: Confident that QE will continue throughout 2022 but 2023 unclear

Dhwani Mehta FXStreet

"I’m confident that those net purchases will continue throughout next year. Beyond that, I don’t know,” the European Central Bank (ECB) Vice President Luis de Guindos said in an interview with Les Echos on Tuesday.

These comments clearly suggest that a rate hike by the ECB is not on the table until the QE program ends.

Market reaction

EUR/USD is recovering ground above 1.1300 amid an extended sell-off in the US Treasury yields, as risk-aversion returns with worries over the Omicron covid variant.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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